The Island will have a small democratic Government made up of 12 people (3 people elected from each settlement)
They will regulate a monetary system and formulate the laws
The Government will formulate foreign policy
SET UP:
The Government will initially establish all services
With the money provided by the UN, they will first set up the following infrastructure:
-Hospitals
-Schools
-Water and Sewerage
-Power
-Police/Law enforcement
-Transport (roads and wharfs)
-Communications
-Airports
This will be sustained by taxation and export earnings.
TAXATION SYSTEM: GST (hard to avoid)
Tax on all goods and services will be 10%
INCOME TAX
-personal earnings
Taxable income
Tax on this income
$1 - $6,000
Nil
$6,001 - $35,000
15c for each $1 over $6,000
$35,001 - $80,000
$4,350 plus 30c for each $1 over $35,000
$80,001 - $180,000
$17,850 plus 38c for each $1 over $80,000
$180,001 and over
$55,850 plus 45c for each $1 over $180,000
-business earnings will be 30%
Note: Subsistence farmers or anyone who doesn't earn money, a small amount of bartering is acceptable. Once money is used or the notional value of barter goods is over $6,000 per annum tax needs to be calculated.
BANKING SYSTEM:
Set up a co-operative bank/building society
Regulated by the Government
EDUCATION:
Education on the island would be free but compulsory for children aged 5-16 yrs
EXPORT EARNINGS:
We will generate revenue to pay for the goods and services that we import by exporting goods.
What can be exported (also used locally):
- papaya
- bananas
- frangipani, bromeliads and many species of epihpytes (export to international florists' trade)
- timbers such as red cedar, brown pine, black pine and milky pine
- candlenut (exported for oil and cooking)
- pandanus (exported for fibre and cooking)
- flax, cotton, kapok, reeds (export for fibre)
- coconut (export for oil and fibre)
- hemp (used for clothing and hand creams)
- sugar cane (refined to sugar)
- honey
- rice
- fish
- seaweed farming (export dried, processed seaweed for fertilizer or seaweed sheets)
For most things we will value-add by using our labour
These goods can be exported using ships passing by (which carry goods from UK to NZ via panama canal)
Tourism
We will begin with low-value tourism and use this to fund infrastructure to attract higher-value tourism (which will then bring in more revenue)
NATURAL RESOURCES:
Natural resources we could use locally and for exporting to generate income:
- Minerals such as:
-pumis (use locally and export as an abrasive)
-basalt (use locally for road infrastructure)
- Offshore oil (refine it ourselves then use locally and export it)
-Iron, zinc, copper, manganese, gold and silver believed to be offshore in the North-East (export)
OTHER SERVICES:
Once money has been generated from taxation and export earnings the Governement will set up the following services:
- Courts
- Jails
- Recreation reserves (playgrounds, sport ovals, sport centres)
- Customs
- Some form of public transport
THE GOVERNMENT
SET UP:
The Government will initially establish all servicesWith the money provided by the UN, they will first set up the following infrastructure:
-Hospitals
-Schools
-Water and Sewerage
-Power
-Police/Law enforcement
-Transport (roads and wharfs)
-Communications
-Airports
This will be sustained by taxation and export earnings.
TAXATION SYSTEM:
GST (hard to avoid)
Tax on all goods and services will be 10%
INCOME TAX
-personal earnings
Note: Subsistence farmers or anyone who doesn't earn money, a small amount of bartering is acceptable. Once money is used or the notional value of barter goods is over $6,000 per annum tax needs to be calculated.
BANKING SYSTEM:
Set up a co-operative bank/building societyRegulated by the Government
EDUCATION:
Education on the island would be free but compulsory for children aged 5-16 yrsEXPORT EARNINGS:
We will generate revenue to pay for the goods and services that we import by exporting goods.What can be exported (also used locally):
- papaya
- bananas
- frangipani, bromeliads and many species of epihpytes (export to international florists' trade)
- timbers such as red cedar, brown pine, black pine and milky pine
- candlenut (exported for oil and cooking)
- pandanus (exported for fibre and cooking)
- flax, cotton, kapok, reeds (export for fibre)
- coconut (export for oil and fibre)
- hemp (used for clothing and hand creams)
- sugar cane (refined to sugar)
- honey
- rice
- fish
- seaweed farming (export dried, processed seaweed for fertilizer or seaweed sheets)
Tourism
We will begin with low-value tourism and use this to fund infrastructure to attract higher-value tourism (which will then bring in more revenue)
NATURAL RESOURCES:
Natural resources we could use locally and for exporting to generate income:- Minerals such as:
-pumis (use locally and export as an abrasive)
-basalt (use locally for road infrastructure)
- Offshore oil (refine it ourselves then use locally and export it)
-Iron, zinc, copper, manganese, gold and silver believed to be offshore in the North-East (export)
OTHER SERVICES:
Once money has been generated from taxation and export earnings the Governement will set up the following services:- Courts
- Jails
- Recreation reserves (playgrounds, sport ovals, sport centres)
- Customs
- Some form of public transport